2013 budget cuts are likely: Massimov
Prime-Minister Karim Massimov told the Parliament that Nursultan Nazarbayev had instructed to consider "a negative scenario for 2012".
President suggests using the National Oil Fund to support S&MBs
The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil.